Deal Insight

Centrica and QPI acquire Suncor's conventional WCSB assets for Cdn$1 billion

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01 April 2013

Centrica and QPI acquire Suncor's conventional WCSB assets for Cdn$1 billion

Report summary

In the largest conventional Canadian gas deal for three years, Centrica and Qatar Petroleum International (QPI) will acquire Suncor's conventional western Canadian assets for Cdn$1 billion (US$987 million). The partnership will gain a 90% gas-weighted portfolio and over one million acres of undeveloped land. Our valuation of the deal is US$945 million. Our modelling implies a long-term (breakeven) gas price of US$4.76/mcf. The balance of risk is to the upside. The deal is the first ...

Table of contents

  • Executive summary
  • Transaction details
    • Alberta
    • British Columbia
    • Saskatchewan
  • Deal analysis
  • Upsides and risks
    • Centrica
    • Qatar Petroleum International
    • Suncor Energy
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    Centrica and QPI acquire Suncor's conventional WCSB assets for Cdn$1 billion

    PDF 347.27 KB

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